NASDAQ Iceland hf.: TM hf. - removal of shares from trading and suspension of trading of shares

Nasdaq Iceland hf. ("the Exchange") has decided to remove shares issued by TM
hf. ("TM" or "the Company") from trading, with reference to an announcement
published by Kvika banki hf. on March 30, 2021, where it was disclosed that the
Company had requested the removal of its shares from trading. 

The shares will
be removed from trading after market close March 31, 2021. Since the merger
with Kvika banki hf. has taken place trading in TM will be suspended until the
removal from trading of the Companys' shares takes effect.